Currencies/Fixed Income:
- EUR/USD three-week high market participants were waiting on the release of Eurozone inflation data which should confirm of not seeing signs of any deflationary spiral so far. Although ECB night not have reached lower bound on interest rates it seemed to have time to assess impact of June policy changes. The data came in to match its 4-year low reading of 0.5% but core ticked up a tenth of a percent to 0.8%
- USD/JPY seven-week low and remain above the critical chart point of 100.70 area.

Political/In the Papers:
- (UK) BOE Gov Carney: Recent strength in GBP reflects the strength of the economy; To settle over time - UK press
-(UK) BOE's retiring dep gov Bean: Might be reasonable to think that in the long term you would go back to 5% but it's probably quite a long way down the road - UK press
- (UK) BOE's Dale: It is not our job to control house prices, nor can we control house prices - UK press
-(UK) BoE Deputy Gov Cunliffe: MPS members differed on how to cool the UK housing market - UK press
- (CN) PBoC and Bank of France sign memorandum of understanding to set up a yuan payment system in Paris